After Official Trump (TRUMP) recorded a steep rally, volatility has widened and market outlooks are diverging over the short-term price direction. Funds have flowed into the memecoin market on the back of Bitcoin strength, but technical analyses cautioning against profit-taking after the surge have also emerged.

On the 23rd, TRUMP was trading in the $2 range on the virtual asset market. CoinMarketCap pegged the TRUMP price in the mid-$2 range that day, and the price is fluctuating rapidly depending on the time of trading.

At One Point Up 37% in 24 Hours…Weekly Gain Exceeds 80%

The recent rise was substantial. According to market analysis, TRUMP at one point surged 37% in 24 hours to reach $2.55, and its weekly gain surpassed 80%. It was analyzed that risk appetite spreading into the altcoin market as Bitcoin broke through the $75,000 level also influenced TRUMP's rally.

"Fibonacci Retracement at the 0.702 Level…Around $2 Is the Key Price Zone"

However, some voices are also raising the possibility of a correction after the sharp rise. Crypto_Jobs, active in the CoinMarketCap community, assessed TRUMP's short-term trend as bearish, presenting around $2—corresponding to the 0.702 Fibonacci retracement level—as the key price zone. The observation is that buying interest may struggle to return in earnest until the price confirms that level.

However, this is merely a technical analysis applied to a chart by a specific trader, not a definitive forecast that the price will fall to $2. Fibonacci retracement is a method of estimating likely support and resistance zones based on past price movements, so the price may not reach that level or may move differently than expected depending on market supply and demand and new catalysts.

Bitcoin Up Over 20% Weekly, Crypto Policy Remarks…Hard to Simply Define as Bearish

It is also difficult to define the current market environment surrounding TRUMP as simply bearish. Bitcoin surged more than 20% over the past week, lifting risk-asset investment sentiment, and President Trump's remarks on virtual asset policy have also served as a major market catalyst.

Ultimately, the key is how much of the surge can be sustained. As the price has risen accompanied by high volatility, Bitcoin's direction, memecoin market trading volume, profit-taking volume, and changes in leverage in the derivatives market must be examined together.

In particular, TRUMP is a memecoin that may react more sensitively to political news and shifts in market sentiment than typical large-cap virtual assets. Rather than judging direction based on a single technical support level, it is necessary to simultaneously confirm whether trading volume and overall market risk appetite are being maintained.

[This article was written with AI assistance. The $2 price level mentioned in this article is an introduction of a specific market participant's technical analysis and is not intended to predict or guarantee actual price movement. Virtual assets are highly volatile and carry the risk of principal loss. Investors should verify the latest market information and official materials directly and make investment decisions at their own judgment and responsibility.]